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April 25, 2015 7:28 PM ET

Oil, Gas and Consumable Fuels

Company Overview of GP Natural Resource Partners LLC

Company Overview

GP Natural Resource Partners LLC is a general partner of Natural Resource Partners L.P. The company manages operations and activities of coal properties in Appalachia, Illinois Basin and the Western United States. The company was founded in 2002 and is based in the United States.

,  

United States

Founded in 2002

Key Executives for GP Natural Resource Partners LLC

Chairman of the Board and Chief Executive Officer
Age: 67
President
Age: 42
Chief Financial Officer, Secretary and Treasurer
Age: 61
Chief Operating Officer
Age: 58
Vice President and General Counsel
Age: 39
Compensation as of Fiscal Year 2014.

GP Natural Resource Partners LLC Key Developments

GP Natural Resource Partners LLC Elects Christopher Zolas as Chief Accounting Officer, Effective March 9, 2015

On February 25, 2015, the Board of Directors of GP Natural Resource Partners LLC elected Christopher Zolas as Chief Accounting Officer of company, effective March 9, 2015. Zolas has served as Director of Financial Reporting at Cheniere Energy Inc. Mr. Zolas joined Cheniere Energy Inc. in 2007 as Manager of SEC Reporting and Technical Accounting and was promoted to Director in 2009. Prior to joining Cheniere Energy Inc., Mr. Zolas worked in public accounting with KPMG LLP from 2002 to 2007.

GP Natural Resource Partners LLC Announces Executive Changes, Effective from September 1, 2014

On June 2, 2014, Natural Resource Partners L.P. announced that Nick Carter will retire from his position as President and Chief Operating Officer of GP Natural Resource Partners LLC, the general partner of the general partner of NRP (GP LLC), effective September 1, 2014. On such date, Wyatt L. Hogan, who currently serves as Executive Vice President of GP LLC, will become President of GP LLC and will report to Corbin J. Robertson, Jr., GP LLC’s Chairman and Chief Executive Officer. In addition, Kevin F. Wall, who currently serves as Executive Vice President—Operations of GP LLC, will become Chief Operating Officer of GP LLC and will report to Mr. Hogan. The date of Mr. Carter’s retirement and the promotions of Messrs. Hogan and Wall were determined by the Board of Directors of GP LLP on May 29, 2014. These changes mark the culmination of an extensive, two-year strategic review and succession planning process at NRP. There is no arrangement or understanding between Messrs. Hogan and Wall and any other person(s) pursuant to which they were appointed to their respective officer positions at NRP. Neither of Messrs. Hogan nor Wall have any family relationships with any director or executive officer of NRP or any person nominated or chosen to become a director or executive officer of NRP. Following his retirement on September 1, 2014, Mr. Carter will work as a consultant to NRP through the end of 2014 in order to ensure a seamless transition of his responsibilities. As a consultant, Mr. Carter will receive a salary equal to his current salary and will receive the same health benefits that he is currently receiving. Wyatt L. Hogan, 42, has served as Executive Vice President of GP Natural Resource Partners since December 2013.

GP Natural Resource Partners LLC Announces Executive Changes

Effective October 31, 2013, Natural Resource Partners L.P. announced changes to the Board of Directors of GP Natural Resource Partners LLC. As of such date, David M. Carmichael retired from the Board, J. Matthew Fifield resigned from the Board, and Russell D. Gordy, Donald R. Holcomb and Richard A. Navarre were appointed to the Board. Mr. Carmichael's retirement from the Board was not as a result of any disagreement with NRP or its management. Mr. Fifield's resignation from the Board was not as a result of any disagreement with NRP or its management. Upon Mr. Fifield's resignation, Adena Minerals appointed Mr. Holcomb to serve as an Adena Minerals designee. Messrs. Navarre and Gordy were appointed to the Board of Directors of GP Natural Resource Partners LLC by Robertson Coal Management LLC. The Board of Directors of GP Natural Resource Partners ratified the appointment of Messrs. Gordy, Holcomb and Navarre. The Board of Directors of GP Natural Resource Partners ratified the appointment of Messrs. Gordy, Holcomb and Navarre. Russell D. Gordy, 63, brings extensive oil and gas industry, mineral interest and land ownership and financial experience to the board. Mr. Gordy is currently managing partner and majority owner in SG Interests, a producer of oil and coal bed methane gas, RGGS, which controls mineral acres currently producing oil and gas, coal, iron ore, limestone, and copper, and Rock Creek Ranch. Donald R. Holcomb, 56, brings extensive financial and coal industry experience to the Board. Mr. Holcomb is currently the Chief Executive Officer of Dickinson Fuel Company Inc., the managing general partner of Dickinson Properties Limited Partnership, a land company in West Virginia. Richard A. Navarre, 53, brings extensive financial, strategic planning, public company and coal industry experience to the Board.

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